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Saturday, August 22, 2015
Japan's finance minister Aso warns mainland China on currency moves
Japan's finance minister, Taro Aso, said Friday that recent moves by China to allow its currency to depreciate are a concern and could pose problems for Tokyo.
Friday, August 21, 2015
Asian shares slumped on Thursday, led lower by Shanghai as concerns about the health of China's economy battered confidence and after unexpectedly bearish minutes from the U.S. Federal Reserve.
Taiwanese on average wait until they are 36.6 years old to begin to planning for retirement, and 22 percent do not start until in their 40s, a survey by an asset management company revealed Wednesday.
July's export orders tumble 5.7 percent: Economics Ministry
The Ministry of Economic Affairs (MOEA, 經濟部) yesterday announced that export orders for July totaled only US$36.29 billion, amounting to a 5.7-percent year-on-year drop, making it the fourth month of consecutive decline.
Taiwan's health minister will lead a delegation to the fifth Asia-Pacific Economic Cooperation (APEC) meeting on health and economy, and will give a talk at the event to be held in the Philippines at the end of this month, an official said Thursday.
Shares in Taiwan closed slightly higher Thursday, recovering from an early low to push the index above the 8,000 point level, as the financial sector staged a rebound from its heavy losses in the previous session, dealers said.
Taiwan shares fell below the 8,000 point mark Thursday morning amid cautious sentiment toward the market's future movements after a recent sell-off caused by concerns over the local economic fundamentals, dealers said.
Thursday, August 20, 2015
Smartphone giant HTC Corp. (宏達電) will sell off its manufacturing facility in Shanghai and initiate a second wave of layoffs before the end of this year, according to a local report published yesterday.
The U.S. dollar rose against the New Taiwan dollar Wednesday, gaining NT$0.015 to close at NT$32.668 after moving in a narrow range on moderate turnover, dealers said.
A revised version of the capital gains tax on stock gains proposed by Kuomintang (KMT) presidential candidate Hung Hsiu-chu is expected to boost turnover of the local equity market by 10 percent, according to an estimate by the Taiwan Stock Exchange (TWSE).
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